Fundamentals of Corporate Finance, 12e (Ross)
Chapter 18 Short-Term Finance and Planning
全国冻哭预警地图1) Which one of the following actions reprents a source of cash?
A) Granting credit to a customer
B) Purchasing new machinery
C) Making a payment on a bank loan
D) Purchasing inventory
E) Accepting credit from a supplier
2) Which one of the actions reprents a u of cash?
仰度A) Collecting a receivable
B) Paying employee wages
C) Selling inventory for cash
D) Obtaining a bank loan
E) Purchasing inventory on credit
3) Which one of the activities reprents a source of cash?
A) Increasing accounts receivable
B) Decreasing inventory
C) Increasing fixed asts
D) Decreasing accounts payable
E) Decreasing common stock
4) Which one of the following actions will increa net working capital? Assume the current ratio is greater than 1.0.
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A) Paying a supplier for a previous purcha
B) Paying off a long-term debt
C) Selling inventory at cost for cash
D) Purchasing inventory on credit
元宵节英语E) Selling inventory at a profit on credit
5) Which one of the following will decrea net working capital? Assume the current ratio is greater than 1.0.
A) Selling inventory at cost
B) Collecting payment from a customer
怎么清理毛孔C) Paying a dividend to shareholders
D) Selling a fixed ast for less than book value
E) Paying a supplier for prior purchas
6) Which one of the actions will increa the operating cycle? Assume all el held constant.
A) Decreasing the payables period
B) Decreasing the receivables turnover rate
C) Increasing the payables period
2012年12月6级答案
D) Decreasing the average inventory level
E) Increasing the inventory turnover rate
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7) The operating cycle is equal to the:
A) cash cycle plus the accounts receivable period.
B) inventory period plus the accounts receivable period.
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C) inventory period plus the accounts payable period.
D) accounts payable period minus the cash cycle.
E) accounts payable period plus the accounts receivable period.
8) Which one of the following will decrea the operating cycle?
A) Decreasing the inventory turnover rate
B) Decreasing the accounts payable period
C) Increasing the accounts receivable turnover rate
D) Increasing the accounts payable period
E) Increasing the accounts receivable period
9) The operating cycle describes how a product:
A) is priced.
B) is sold.
C) moves through the current ast accounts.
D) moves through the production process.
E) generates a profit.
10) Which one of the affects the length of the cash cycle but not the operating cycle?
A) Inventory period
B) Accounts payable period
C) Both the accounts receivable and inventory periods
D) Accounts receivable period
E) Both the accounts receivable and the accounts payable periods
11) Which one of the will decrea the cash cycle, all el held constant?
A) Increasing the accounts receivable turnover rate
B) Decreasing the accounts payable period
C) Increasing the inventory period
D) Decreasing the inventory turnover rate
E) Increasing the accounts receivable period
12) A decrea in which one of the following will increa the cash cycle, all el held constant?
A) Payables turnover
武汉翻译公司B) Days sales in inventory
C) Operating cycle
D) Inventory turnover rate
E) Accounts receivable period
13) Metal Designs historically produced products for inventory. Now, they only produce a product when an actual order is received from a customer. All el equal, this change will:
A) increa the operating cycle.
B) lengthen the accounts receivable period.
C) shorten the accounts payable period.
D) decrea the cash cycle.
E) decrea the inventory turnover rate.
14) Which one of the statements is correct? Assume all el held constant.
A) A decrea in the accounts receivable turnover rate decreas the cash cycle.
B) The cash cycle is equal to the operating cycle minus the inventory period.sinfor
C) A negative cash cycle is preferable to a positive cash cycle.
D) A decrea in the accounts payable period shortens the cash cycle.
E) The cash cycle plus the accounts receivable period is equal to the operating cycle.
15) Which one of the following statements is correct concerning the cash cycle?
A) The longer the cash cycle, the more likely a company will need external financing.
B) Increasing the accounts payable period increas the cash cycle.
